By NZPA
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Friday 14th February 2003 |
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His Sealegs Explorer amphibious runabout, a boat with retractable wheels, was unveiled at an America's Cup event this week.
Details were released to the Stock Exchange today.
Mr Bryham said he was initially aiming to interest beachside residents -- "people who have a beachfront bach or house where they want to get in and out of the water very quickly or easily without mucking around with tractors, or trailers or four-wheel drives".
The $75,000, 4.7m Sealegs does away with the need for a trailer or towing vehicle, with three wheels which can be driven into the water and then fold into the boat.
The boat, which has a patent pending, reaches a top speed on water of 60kmh, while on land it can travel at up to 10kmh, either forwards or in reverse.
Mr Bryham, a keen boatie, said the key feature of the craft was that it could be launched by one person "and when finished, clear the water without having to rely on help".
He said he had already fielded enquiries from around the world.
"We had a very good reception at Kawau," he said referring the superyacht race to Kawau Island, where the boat was launched.
Sealegs International is 70 percent owned by IT Capital and the rest by private investors.
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